Square's Changes to Cash App Cement Its New Strategy
The design of Square Cash's new "$Cashtag" system may seem like a cutesy move to appeal to more consumers, but the underlying changes to the app show that Square's new focus is all business.
An example of how Square suggests merchants use its $Cashtag identifier on a business card.
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Image: ShutterStock
The London-based peer-to-peer money mover TransferWise Ltd. opened an office in New York this month, proclaiming plans to disrupt the U.S. market. But in reality, it could be more an ally than a threat to U.S. financial services companies. more »
Image: iStock
As the Federal Reserve and other entities push toward developing a faster payments system in the U.S., it has become increasingly apparent that a good place to start is through debit networks. more »
Image: Thinkstock
MyECheck has reached an agreement to buy the electronic payment software platform developer Seergate. more »
Tom Roberts, evp of marketing for electronic payments at Fiserv
As their financial lives have become more digital, consumers have embraced technology like online bill pay and mobile check deposit. more »
A close-up of a screenshot from the Flooz app.
Person-to-person payment services haven't always fared well, but a year-old French startup, Flooz, thinks a P2P app can succeed in its home country if it has the right interface — and steep social barrier to entry. more »
Images: Bloomberg News
The field of P2P competitors has grown significantly since JPMorgan Chase, Bank of America and Wells Fargo founded clearXchange LLC in 2011, and the mega-banks' initiative still looks very much like it did three years ago. more »
Image: Bloomberg News
The Snapchat logo
Snapchat, a photo-based messaging service, has added a payment capability based on Square Cash, Square Inc.'s person-to-person payment system. more »
Image: Bloomberg News
Venmo, a mobile person-to-person payment system now owned by PayPal, rocketed in popularity with millennials by treating money movement as a type of social interaction. more »
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